U.S. spot XRP exchange-traded funds are rapidly approaching the $1 billion inflow mark, cementing their status as the strongest altcoin ETF debut so far and reinforcing a regulatory template for future utility-token products. The surge also reflects renewed institutional confidence in XRP following the resolution of Ripple’s court battle with the SEC.
Since launching on Nov. 14, the funds have recorded 15 straight days of inflows, pulling in a net $897.35 million, according to SoSo data. Offerings from Canary Capital, Grayscale, Bitwise and Franklin Templeton captured the majority of those allocations. Quantum Economics founder Mati Greenspan said the $1 billion threshold is now within immediate reach.
“The momentum is firmly in place, and the milestone is essentially inevitable at this point,” Greenspan told CoinDesk.
He noted that XRP’s appeal to institutions at this stage is less tied to technological excitement and more to market positioning. “XRP is being carried by the broader institutional wave because it already has liquidity, brand recognition, and now regulatory clarity,” Greenspan said. “That doesn’t necessarily signal renewed enthusiasm for the tech, but it does explain the inflows.”
Institutional interest has grown since an August ruling concluded that XRP itself is not a security—though Ripple was fined $125 million for past violations. The decision gave investors a clearer regulatory foundation.
“Institutions are responding to that clarity, along with XRP’s established presence and operational track record,” Greenspan said. “It may not be innovating as quickly as newer networks, but longevity still matters.”
Over-the-counter desks have also supported consistent inflows, even during broader market weakness that hit bitcoin (BTC) and ether (ETH), according to analysis from Investing. OTC channels provide stability that has helped XRP ETFs attract what Greenspan characterized as higher-quality institutional capital compared with the early BTC and ETH ETF launches.
If the funds surpass $1 billion in under a month, XRP would join the ranks of the fastest-growing crypto investment vehicles, signaling expanding liquidity and rising acceptance within traditional finance.
